PARIS (Standard&Poor's CreditWire) Sept. 22, 2000--Standard&Poor's today affirmed its single-'A'-plus long-term corporate credit and senior unsecured debt ratings (including the euro (Eur) 1.25 billion medium term notes program under which a bond will soon be issued) and 'A-1' short-term corporate credit and commercial paper ratings on France-based Schneider Electric S.A. The outlook remains negative. The ratings reflect the group's world-leading positions in electrical distribution and industrial control and automation. They also take into account the group's improving profitability and cash flow generation in recent years, as well as its decreasingly conservative financial profile. Schneider Electric's main business divisions benefit from a wide range of products and services compatible with international standards. They also enjoy strong brand
